£214,289
This estimated value is based upon the latest sale price for the house of £155,000 on 22 Jan 2016. This value is then adjusted by the current Official House Price Index for DORSET 1
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| Price Paid | Date |
|---|---|
| £155,000 | 22 Jan 2016 |
| £75,500 | 6 Jul 2001 |
| £50,000 | 11 Nov 1997 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 752 sq feet |
This model uses changes in the Official Land Registry House Price Index for DORSET to estimate the market value.
When this house was purchased in January 2016 the House Price Index for DORSET was 108.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 38.251%.Applying this 38.251% change to the original purchase price of £155,000 results in an estimated price of approximately £214,289.
| 22 Jan 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 149.7 | 38.251 % | £155,000 | £59,289 | £214,289 |
The Postcode Pricing Model uses changes in average sales price within the SP8 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 48.525 % | £75,213 | £230,213 |
| 3 Month Average | 22.905 % | £35,502 | £190,502 |
| 6 Month Average | 34.103 % | £52,859 | £207,859 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Aug 2023 | £155,810 | £153,000 | 15 ORCHARD ROAD |
| 5 Apr 2023 | £214,003 | £210,000 | 7 OCTAVE TERRACE |
| 4 Apr 2023 | £226,741 | £222,500 | 8 OCTAVE TERRACE |
| 11 Nov 2022 | £248,836 | £250,000 | 1 ST MARY'S COURT ST MARY'S PLACE |
| 14 Oct 2022 | £209,301 | £210,000 | 1 ST MARY'S PLACE |
This house has a floor area of 69 sq meters or 752 sq feet when measured on 7 Apr 2011. Using an estimated price of £214,290 means this house is valued at £3,063 per sq meter (£284 per sq foot).
The average size of a house on CYPRESS WAY is 86 sq meters (930 sq feet).